Flying cars have been a dream for decades, but they’ve yet to make the leap from the the drawing board to reality. Now Slovakian company AeroMobil is about to bring the flying car one step closer to life with the debut of its production-ready ‘Flying Roadster’ at the Pioneers Festival in Vienna, Austria on October 29.

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The AeroMobil 3.0 holds two passengers and can fly up to 430 miles on standard 91 octane gasoline. It’s powered by a Rotax 912 engine, which is the same engine that is being used by another flying car hopeful, the Terrafugia Transition. While on the road, the AeroMobil’s wings fold behind the cockpit, which gives it enough clearance to fit into a standard parking space.

Related: Aeromobil: Sleek Slovakian Flying Car Takes its First Flight (Video)

AeroMobil estimates that the flying car can reach a top speed of 124 mph in the air. While on the ground it’s slightly slower with a top speed of 100 mph and a driving range of 310 miles.

AeroMobil’s CTO Stefan Klein has been working on a flying car for two decades. “We want to make personal transportation exciting, more efficient and sustainable. With ever more cars on the roads and ever more crowded airports, traveling is no longer what it used to be,” Klein stated.

+ AeroMobil